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Prepare journal entries for each transaction listed below. Note: If no entry is required for a transaction/event, select No journal entry required in the first
Prepare journal entries for each transaction listed below. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. a. Sales on account were $840 and related cost of goods sold was $470. b. Issued 6,000 shares of $1 par value stock for $60,000 cash. Journal entry worksheet Note: Enter debits before credits. a. Sales on account were $840 and related cost of goods sold was $470. b. Issued 6,000 shares of $1 par value stock for $60,000 cash. Journal entry worksheet Record the cost of goods sold of $470 related to the sales. Note: Enter debits before credits. a. Sales on account were $840 and related cost of goods sold was $470. b. Issued 6,000 shares of $1 par value stock for $60,000 cash. Journal entry worksheet Issued 6,000 shares of $1 par value stock for $60,000 cash. Note: Enter debits before credits
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